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The Regional Character of Financial Crises

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  • Emil Panusheff

Abstract

Globalisation and regionalism in the world economy and changes in the functioning of the world financial system caused regional financial crises in the 1990s. The possibility for their spreading, which provoked a search for a model of a new financial architecture and an analysis of the causes for financial crises, is studied, as well as their impact on other regions and countries. Upon studying the development of regional integration, methods for evaluation, forecasting and possible prevention of consequences of these crises are sought, especially for countries striving for accessing integration communities, mostly the European Union.

Suggested Citation

  • Emil Panusheff, 2005. "The Regional Character of Financial Crises," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 49-69.
    • Handle: RePEc:bas:econth:y:2005:i:4:p:49-69
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    References listed on IDEAS

    as
    1. Tuomas Komulainen & ) & Johanna Lukkarila, 2003. "What drives financial crises in emerging markets?," Macroeconomics 0304010, University Library of Munich, Germany.
    2. repec:zbw:bofitp:2003_005 is not listed on IDEAS
    3. Catherine A Pattillo & Andrew Berg, 2000. "The Challenge of Predicting Economic Crises," IMF Economic Issues 22, International Monetary Fund.
    4. KOMULAINEN Tuomas LUKKARILA Johanna, 2010. "What Drives Financial Crises in Emerging Markets?," EcoMod2003 330700082, EcoMod.
    5. Komulainen, Tuomas & Lukkarila, Johanna, 2003. "What drives financial crises in emerging markets?," BOFIT Discussion Papers 5/2003, Bank of Finland Institute for Emerging Economies (BOFIT).
    6. Komulainen, Tuomas & Lukkarila, Johanna, 2003. "What drives financial crises in emerging markets?," Emerging Markets Review, Elsevier, vol. 4(3), pages 248-272, September.
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    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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